Code Section Group

Water Code - WAT

DIVISION 21. WATER CONSERVATION DISTRICTS [74000 - 76501]

  ( Division 21 added by Stats. 1965, Ch. 75. )

PART 7. IMPROVEMENT DISTRICTS [75000 - 75231]

  ( Part 7 added by Stats. 1965, Ch. 75. )

CHAPTER 1. Improvement Districts for Issuance of Bonds [75000 - 75090]

  ( Chapter 1 added by Stats. 1965, Ch. 75. )

ARTICLE 3. Calling of Bond Election [75030 - 75032]
  ( Article 3 added by Stats. 1965, Ch. 75. )

75030.
  

If the board makes the final order approving the formation petition, it may, by resolution adopted by a majority of its members, call an election for the purpose of authorizing the incurring of a bonded indebtedness by the improvement district.

(Added by Stats. 1965, Ch. 75.)

75031.
  

The resolution shall specify all of the following:

(a) The purpose for which bonds are proposed to be issued.

(b) The maximum rate of interest the bonds shall bear.

(c) The number of years, not exceeding 25, the whole or any part of the bonds are to run until maturity.

(Added by Stats. 1965, Ch. 75.)

75032.
  

The resolution shall further provide for submitting the question of the incurring of the indebtedness to the qualified electors of the improvement district at an election called for that purpose.

(Added by Stats. 1965, Ch. 75.)

WATWater Code - WAT3.